Summer Internship - Financial Reporting

Federal Home Loan Bank of Chicago; Chicago (IL); On-site; USD 39,000 - 58,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401k plan

Pension plan

PTO

Job summary

The Federal Home Loan Bank of Chicago offers an internship providing real-world exposure to financial reporting, ESG-related tasks, and regulatory submissions. You’ll assist with monthly and quarterly tasks, learn about SEC filings (10-Q, 10-K), and collaborate with PwC for audit support in a team-oriented, in-office setting.

Applicants should be undergrad, sophomores, GPA 3.0, accounting or general business; Excel skills desirable.

Qualifications

• Undergraduate student enrolled in a four-year program.
• GPA of at least 3.0 and in good academic standing.
• Must enjoy working in a team-focused, in-office environment.

Responsibilities

• Assist with monthly and quarterly regulatory reporting to OF, FHFA and regulators.
• Learn about SEC and Regulatory Reporting for quarterly and annual filings (10-Q/10-K).
• Assist with data submissions, data analysis, and cross-team communication.
• Collaborate with internal teams and external auditors (PwC) for documentation.
• Participate in bank-wide events to understand the culture and ESG initiatives.
• Support ad-hoc and miscellaneous tasks as assigned.

Skills

Microsoft Excel

Education

Undergraduate student – Accounting or General Business

Tools

FRS & CRS systems

SEC reporting tools

Job description

At the Federal Home Loan Bank of Chicago, employees come first - that’s why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.Collaborative, in-office operating modelRetirement program (401k and Pension)Medical, dental and vision insuranceLifestyle Spending AccountCompetitive PTO plan11 paid holidays per yearJob DescriptionAn internship with the Federal Home Loan Bank of Chicago is not like your average internship. We can offer you a dynamic, collaborative and team-focused environment you won’t find anywhere else. You’ll be engaged in projects that will provide you with real world, hands-on experience in the exciting world of financial services.We are a federally chartered corporation and one of 11 Federal Home Loan Banks (FHLBanks) that, with the Office of Finance, comprise the Federal Home Loan Bank System. The FHLBanks were chartered by Congress under the Federal Home Loan Bank Act of 1932 to improve the availability of funds to support home ownership. Each FHLBank is cooperatively owned by member financial institutions in its district and operated as a separate entity with its own management, employees, and board of directors. Our district consists of the states of Illinois and Wisconsin. We are regulated by the Federal Housing Finance Agency, an independent federal agency.Responsibilities include but are not limited to:Assisting with monthly and quarterly tasks, including external reporting to our regulators, the OF (Office of Finance) and FHFA (Federal Housing Finance Agency)Learning about the FRS (Financial Reporting) and CRS (Call Reporting) systems as it relates to our monthly and quarterly reporting processAssisting with Environmental, Social, and Governance (ESG)-related tasks as they become availableLearning about SEC and Regulatory Reporting as it relates to our quarterly (10-Q) and annual (10-K) filings posted to the SEC (Securities and Exchange Commission) websiteAssisting with key data submissions, data analysis, and communication with other teams across the organizationCollaborating with key contributors on various files used solely for internal purposesCommunicating with our external auditors, PwC, by providing support and documentation for the group’s auditParticipating in Bank-wide events to learn about a diverse and inclusive cultureAd-hoc and miscellaneous tasks and projects (to be assigned)Requirements:Applicants should be enrolled in an undergraduate program at an accredited institutionApplicants should be at least sophomore status at an accredited four year institutionShould have a GPA of at least 3.0 and be in good academic standingMust have demonstrated expertise in Microsoft ExcelDesired fields of study include Accounting or General BusinessMust enjoy working in a trading floor environmentSalary Range:$38,800.00 - $58,100.00The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc